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The world s four major trading currencies the U . S . dollar, the European Union s euro, the Japanese yen, and the British pound

The worlds four major trading currenciesthe U.S. dollar, the European Unions euro, the Japanese yen, and the British poundare all free to float against each other. This characterizes a
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pegged exchange rate regime.
floating exchange rate regime.
managed-float system.
fixed exchange rate regime.

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